Rudra Shares and Stock Brokers LTD.

Foreign Markets

Japan Market gains as yen weakens, receding banking worries
(12:41, 31 Mar 2023)
Japan share market finished session higher on Friday, 31 March 2023, recouping the losses in the previous session, as risk appetite increased with investors cheered by yen depreciation to lower 133-level against greenback, easing worries about the global banking system, and expectations that the Federal Reserve is nearing the end of its aggressive streak of rate hikes.

The 225-issue Nikkei Stock Average index was up 258.55 points, or 0.93%, to finish at 28,041.48. The broader Topix index of all First Section issues on the Tokyo Stock Exchange advanced 20.18 points, or 1.02%, to 2,003.50.

Total 29 of 33 TOPIX sectors closed higher along with broader Topix index. Iron & Steel was the best performing sector, gaining 3.7%, followed by Wholesale Trade (up 2.63%), Precision Instruments (up 2.27%), Transportation Equipment (up 1.7%), Metal Products (up 1.28%), and Securities & Commodities Futures (up 1.2%) sectors. Marine Transportation was bottom performing sector, falling 4.68%.

ECONOMIC NEWS: The unemployment rate in Japan came in at a seasonally adjusted 2.6% in February, the Ministry of Internal Affairs and Communications or MIAC, said on Friday. The participation rate was 62.1%, down from 62.2% a month earlier. The MIAC also said Overall consumer prices in the Tokyo region were up 3.3% on year in March. Core CPI, which excludes volatile food prices, were up an annual 3.2%.

Industrial production in Japan was up a seasonally adjusted 4.5% on month in February, the Ministry of Economy, Trade and Industry or METI, said on Friday. On a yearly basis, industrial production slipped 0.6% after sinking 3.1% in the previous month. Upon the release of the data, the METI downgraded its assessment of industrial production, saying that it has weakened. According to its forecast, industrial production is expected to rise 2.3% on month in March and 4.4% in April.

The METI also said the total value of retail sales in Japan was up 6.6% on year in February, up from the downwardly revised 5% gain in January.

CURRENCY NEWS: The U.S. dollar depreciated to the lower 133-yen range in Tokyo on Friday. The dollar fetched 133.18 yen compared with 132.65 yen in Tokyo on Thursday.

Powered by Capital Market - Live News

ATTENTION INVESTORS : Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors.    ||     Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.   ||    KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Attention Investors

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on
your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191
dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

(Issued in the interest of Investors.)

SEBI REGN. (DP)IN-DP-558-2021
Designed, developed and powered by C-MOTS Infotech (ISO 9001:2015 certified)